Louis Bacon

Louis Bacon founded Moore Capital Management in 1989 after working for Shearson Lehman and commodity trading firms. Moore Capital became one of the flagship global macro hedge funds, known for disciplined risk management and strong performance across economic cycles. Bacon's trading philosophy emphasizes fundamental macro analysis combined with technical price action and rigorous position sizing — a framework that allows him to trade across multiple markets simultaneously while managing overall portfolio risk. Moore Capital returned approximately 30% annually through much of the 1990s and maintained competitive performance into the 2000s. Bacon is known for his versatility across asset classes and his willingness to return capital to investors when market conditions become unfavorable for macro strategies — a rare discipline in the industry. He is also noted as a major conservationist and has donated large tracts of land for environmental preservation. In 2019, Bacon began returning external capital to focus on proprietary trading, citing challenging macro conditions.